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6 Key Components of a Modern Marketing Plan

Last updated: March 12, 2019

6-key-components-of-a-modern-marketing-plan

6-key-components-of-a-modern-marketing-planAs marketers adapt to trends moving into the new year, marketing plans and planning strategies are bound to change, especially because digital marketing strategy and technology continue to evolve. Marketers can’t expect to be successful with a marketing plan that they’ve continued to use, year after year. Only by taking advantage of all available tools and information will marketers reach their target audience and make the most out of their available time, budget and opportunity.

A traditional marketing plan focuses on two simple questions, “who do we want to reach and how are we going to do it?” But in today’s modern marketing, answering those two questions isn’t enough. There are too many platforms available and too much noise and competition from other organizations vying for attention. By not being more granular with how to approach marketing, an organization runs the risk of wasting time by not meeting its own goals and expectations.

According to Aespire, the elements of a great marketing campaign are:

  1. Outline the Why

  2. What are Your Story and CTA?

  3. Who is Your Audience?

  4. How Will You Reach Your Audience?

  5. What Specific Distribution Platforms Are You Going to Use?

  6. What Are the Total Time, Campaign, and Budget Costs?

Let’s break these down and explore why each is important to a modern marketing plan.

The Why

If marketers are unaware of their purpose, there isn’t a reason to create campaigns or content at all. The “Why” forms the entire basis of the marketing plan going forward. The “Why” should be somewhat intuitive, but if your team isn’t sure, consider these questions:

  • What is the purpose of your marketing?

  • What do you want your customers to do with your brand?

  • What constitutes success or a win to your team?

Try to answer these questions in a few sentences as a team to get a picture behind what your marketing should be accomplishing. From there, you can start outlining the specifics.

The Story and Call-to-Action

Modern marketing today takes a lot more compassion and storytelling than traditional marketing, or even what used to work online. Storytelling is the act of telling a narrative that describes something about your company that will be meaningful to your target audience. According to Hubspot, these could be:

  • An actual experience of a customer with the brand

  • What motivates the company to offer what they do

  • Who is behind the brand (the employees, the technology, etc)

  • Your brand’s mission

  • An allegory or interpretation of how your brand impacts the audience

So, for instance, if you were a boutique gym for those who have had weight loss surgery, instead of focusing on equipment or class times, you would highlight why the owner decided to open the gym and how it is set up for success of weight loss surgery patients. If the owner or employees were bariatric patients themselves, perhaps they could tell their story.

If your organization doesn’t have as heartfelt of a purpose (e.g. the owners went into accounting because it was a stable business), focus on how your products or services impact your customers. Customers want to put themselves in the shoes of others to see themselves solving the problem at hand.

Once you have a story that will drive your campaign, you can include a  call-to-action, which compels your audience to complete a conversion, such as signing up for a trial membership or setting up a consultation. Storytelling should make the audience feel motivated to complete an action after hearing what you have to say.

Identifying Your Audience

You have a message, but who is going to listen? Many organizations think they know their target audience, but there’s a difference between an ideal audience and who is actually buying the product. Gathering and analyzing buying data will help create a more accurate audience to target. Identify key metrics, such as age, gender, location, interests, and needs to create personas that identify who you want to read your story.

Outlining marketing personas can help you answer questions like:

  • What is the problem our audience has that we can solve?

  • What issues in their business or personal life can we make easier?

  • What terms or solutions would they be seeking out? How can we target those?

From these questions and demographic data will emerge a picture of your target audience.

How to Reach Your Audience

You know who your audience is, but how do you get your marketing message across to them? There are many broad areas you can likely think of immediately that might be useful: social media, website, radio advertising. But instead of thinking of ways to bombard customers anywhere they might be online or elsewhere (which is an approach many marketers and advertisers take), how about creating a media planning strategy that used media mix optimization to target your exact audience on their ideal platforms?

For example, certain demographics are less likely to click on YouTube ads than others, whereas the same group might be more likely instead to click on a sponsored link in an influencer campaign. Instead of trying both YouTube ads and influencer campaigns, consider trusting the data, trends and research and just doing the one that likely will move the needle the most. The benefit of media planning is that you can always pivot if something isn’t working as you hoped, especially if you are using real-time analytics.

What Distribution Platforms Are You Using?

Research and knowledge of the industry likely helped shape an idea of where to reach your audience, but when it comes to actually launching a modern marketing plan, it pays to be as specific as possible. For instance, if you know your brand can have success on social media, instead of signing up for all social platforms, why not focus on the top two or three that will provide the most engagement by your specific target?

In this instance, look at your own data of what has worked in the past and compare it with known social media demographics to determine where your focus should be. After you have a list of what specific distribution platforms you’re using (e.g. Email: Mailchimp, Social Media: Instagram, Facebook, and Snapchat, etc), it’s time to craft a strategy, plan, and budget for each.

What Are Our Costs?

The final step of a marketing plan is to determine costs, both monetary and otherwise. This includes employee time, campaign advertising costs, and the budget for tools or other resources. The costs are the final stepping stone to action. Because a strategy has already been developed through the previous steps, it’s easy to look through each area to determine what resources need to be allocated. If some strategies or platforms are new, it’s likely best to estimate based on research and then adjust accordingly as the campaign continues.

In Conclusion

As the marketing plan launches and after all these steps have already been outlined, it’s important to think about tracking your success through data collection and reporting. Campaigns should always have correct data attribution and utilize all the available metrics to be able to track a campaign’s success or failure. Properly tracking  strategies that work and ones that don’t is the only way to tweak and optimize your marketing plan as you go along.

Written by Marketing Evolution